CSAI
Quality Rating
CSAI, operating in its industry, demonstrates compliance in debt and liquidity ratios but fails significantly on the interest income ratio of 30.57%, exceeding the 5% threshold across all standards. Business activities lack detailed disclosure, estimated as permissible with non-compliant income purification required. The company is excluded from all major Shariah indices due to revenue impurity. Overall, non-compliant status prevails, with purification at 30.57% recommended for any dividends. Investors should monitor for financial restructuring to improve compliance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Interest income ratio of 30.57% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Lack of detailed business activity disclosure increases uncertainty in qualitative screening
Debt Ratio
0.0%
Liquidity Ratio
13.2%
Interest Income Ratio
30.6%
Purification
30.57%